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What will be the outcome of Bybit's appeal against the Malaysian ban by end of 2025?
2
Resolution / Starting Odds
Ban upheld • 25%
Ban overturned • 25%
Settlement reached • 25%
No appeal filed • 25%
Malaysian court decisions or official announcements
Story
Malaysia Bans Bybit and CEO Ben Zhou, Halts Local Operations and Advertising for Unregistered Crypto Exchange
Dec 30, 2024, 01:38 AM
The Securities Commission of Malaysia has taken decisive action against Bybit and its CEO, Ben Zhou, for operating an unregistered digital asset exchange within the country. As part of this enforcement, Bybit has been banned from operating in Malaysia, and the regulator has ordered an immediate cessation of advertising and the shutdown of Telegram support groups aimed at Malaysian investors. This move reflects a broader trend of tightening regulations on cryptocurrency exchanges globally, as authorities seek to ensure compliance and protect investors.
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Decreased regulations • 25%
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Unclear outcome • 25%
Case dismissed • 25%
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Mixed ruling • 34%
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Pending • 34%
Approved • 33%
Rejected • 33%
No • 50%
Yes • 50%